• 525 Simonton Street STREET KEY WEST, FL 33040

  • $8,500,000
  • 11
    Bed(s)
  • 11
    Baths
  • 4,295
    Sq Ft

Exclusive opportunity to own one of the largest TRANSIENTLY licensed properties in Old Town Key West. 11 Br, 11Ba, 2 pools, 2 transient licenses, and off street parking for 4+ vehicles. The Watson House is Located centrally on Key West's most iconic street and only 1 block off Duval street. The Grand Estate is comprised of a 7 Bedroom mansion and a 4 bedroom Villa. Each home offering a private pool.The mansion was refitted by a local designer in July 2022, including fresh paint and new furniture. Upon entering the mansion you will be greeted with 12 foot soaring ceilings, 2 first floor guest rooms with bath, parlor, living room, dining room and kitchen. The kitchen opens up to a private pool with decking and lounge chairs. A large family style outdoor table is provided for dining al fresco. Going back inside you will take the Victorian staircase to the second floor. On the second floor you will find 4 bedrooms with en suite baths. The front primary suite offers a private balcony overlooking Simonton Street. A secondary balcony is provided for the rear primary suite overlooking the pool. Take the spiral staircase to the third floor and you will discover a large third floor private suite. Bright and airy the suite provides a living room, wet bar and balcony overlooking the pool. All three floors can also be accessed by exterior and interior staircases. Going back into the parking area, you will take a side entrance to the villa. The villa was renovated to the studs in 2014 with modern and sleek finishes. The villa offers 4 bedrooms and 4 baths, full kitchen, living room, private pool and outdoor bar. The 2 transient licenses give versatility for the property to be rented as an 11 bedroom and 11 bath estate or rented separately as a 7br main house and 4br villa. There are few large estates in Key West, which gives way to its popularity and advance bookings.Available to be purchased separately. See MLS #607104 and MLS # 607103

Property Type :

Residential - Single Family

County :

Monroe

Style :

Residential - Single Family

Sell a home like this and save $509,501 Find Out How

Property Details

 

Bedroom Information

Total Bedrooms : 11

Bathroom Information

Total Baths: 11

Full Baths: 11

Interior Features

Bar,Smoke Alarms,Wet Bar,Fireplace(s),Cathedral Ceilings,Drapes/Blinds Incl,Dade County Pine

Appliances : Dishwasher,Washer,Wine Cooler,Stainless Steel Appliance(s),Refrigerator,Oven,Microwave,Ice Machine,Freezer,Dryer,Disposal

Roofing Information

Metal Roof

Flooring Information

Tile,Wood

Heating & Cooling

Cooling: Ceiling Fans(s),Wall/Window Unit(s),Ductless,Central Air

Water Front: No

None

No Waterview

Building Information

Year Built: 1889

Floor Location: 8269

Construction: Frame

Roof: Metal Roof

Exterior Features

Privacy Wall/Fence,Storage,Shed

Pool Information

Concrete,Lap,In Ground,Decked

Heated : Yes

Lot Information

Lot SqFt: 8,269

Lot SqFt Source: Property Data Card

KW PT LOT 4 SQR 49 G8-444 OR885-189 OR890-2126 OR927-1164 OR2008-62 OR2555-1269 OR3147-0073 OR3164-0865

Property Information

SQ ft (Living Area): 4,295

View: No Waterview

Subdivision: Old Town - Unrecord (1.0)

Stories: 3 Stories

Listing Price Information

List Price: $8,500,000

Listing Information

Cash,Conventional

Tax Information

Taxes: $53,416

Tax Year: 2022

Parcel Number: 00009240-000000

Tax Exemptions : None

Multi-Unit Information

Pets Allowed: Pets Allowed

Homeowners Association Information

Mandatory Home Owners Asc : No

1st Right of Refusal : No

Association Fee $0.00

Utility Information

Buyer to Verify,FKAA,Elect Separate Meter,Cable Available

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6810 Front Street #SNL1.., Key West, FL,33040 $1,600,000 2 5 1,200 104108 Sqft
6810 Front Street #SHB42, Key West, FL,33040 $350,000 -- -- 104,108 104108 Sqft
6810 Front Street #SNL 8, Key West, FL,33040 $350,000 -- -- 104,108 104108 Sqft
6810 Front Street #SHB7, Key West, FL,33040 $350,000 -- -- 104,108 104108 Sqft
7200 5th Street, Key West, FL,33040 $9,500,000 -- -- 2,371,316 2371316 Sqft
3608 Northside Dr, Key West, FL,33040 $1,149,000 5 3 1,628 5865 Sqft
1500 Albury Street, Key West, FL,33040 $2,600,000 4 3.5 2,240 3500 Sqft
828 Elizabeth Street, Key West, FL,33040 $5,350,000 5 6 2,248 --
1500 Albury Street, Key West, FL,33040 $2,600,000 4 4 2,240 --
1800 Atlantic Boulevard.., Key West, FL,33040 $950,000 2 2 1,311 --

ByOwner last updated this listing 05/15/2024 @ 14:21

MLS: 605218
LISTED BY: Paige Bethel , Island Home Realty Inc.
SOURCE: Florida Keys MLS, Inc.
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $509,501 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion